STOP! Need 500$ per month? Do not search for a sideline job before you read this!

If you are searching for a sideline job, chances are that you need some extra money every month to afford the costs of living. I’ve been there too. And, I can tell you one thing, getting a second job is not the most efficient way to make extra money fast! You’re already tired at night, you barely see your wife or husband and your kids… We only have one life to live. Working 12 to 16 hours per day is not the way I want to spend mine. I don’t know about you…

Yeah, you could do it for a while and it could help your budget… but over the long term, it is not the best solution.

CEOs of great companies face the same challenges you face everyday. How do I increase income? Should we add new products? Should we raise our prices and get paid more for every sale we make? Should we buy a competitor? Should we open the stores overnight?

They try and do a lot of stuff but in the end, most realize that earning more is really hard and not really efficient. There is a lot of competition out there for workers like you selling their workforce and trying to increase their income as there is a lot of competition for companies out there trying to sell the same products.

But, there is one SECRET that great CEOs know and doing as they do could help you get the extra 100$ to 500$ per month that you need within 7 days.

Here is that secret that will help you see the light at the end of the tunnel. Here’s the secret that will prevent you from having to take a second job. You’ll have more time to spend with your family and friends and feel less stressed about money. And no, I won’t ask you to make a budget, no one is able to follow them anyway.

But, at the end of next week, if you follow this, you might not need a sideline job anymore. Trust me!

You may be insane…

Insanity is : Doing the same things over and over again and expecting different results!

(by Albert Einstein)

Were your ancestors poor? YES!

Were your grand-parents poor? YES!

Were your parents poor? YES!

And you? You need to find a sideline to afford the costs of living because your current income isn’t enough to cover your expense. So, I guess we could say you are poor too? YES! And I was too. There is no shame to it. Poverty is a cycle and one day or another you’ll have to find a way to break that cycle if you want things to improve.

Are you tired to wait for your already spent paycheck every week? The solution is more simple than you think. But, you’ll first have to admit one thing. If you keep doing what you are actually doing, don’t be astonished to obtain the same results!

Stop believing in Santa Claus! No one will knock to your door to give you a million dollars! No one will offer you his fortune for your beautiful eyes. Forget lottery. You have more chance to die within the next 10 minutes then to buy the wining lottery ticket! No, there are no pirate facing death who will give you his treasure map before dying!

Your parents, school, medias… They all made you believe that money could appear in you life by magic!

They just forgot to tell you that to see some magic happening, you need a magician who knows the right tricks.

It’s about time you become this magician. Don’t you think?

Riches are men and women of actions. Most are rich because they have made the necessary sacrifices. They knew what to do and even better, THEY DID IT!

Our capitalist society is based on money. Everybody wants more money. You know it, I know it, we all know it. And to live and eat you will need money. How much money? It mostly depends on you. You are the one who is spending the money. That’s something on which you have a lot of control. For sure you cannot control the costs of goods and the inflation rate, but you can have control on what you buy, when you buy it, how you buy it and where you buy it.

Become the CEO of YOUR LIFE!

I told you that CEOs know a great secret that could help you get 500$ per month within 7 daysso let’s pretend that you are the CEO of “YOUR LIFE inc.”. YOUR LIFE inc. is a great company that makes money by selling its workforce. In order to make the company work, you need a human and for the human to be able to work, you need to feed him, take care of his health, find him a shelter, transport him to different places where you can put him to work…

To do that in our society, as with any other company, you’ll need to spend money! Right?

Now, every good CEO knows one thing. If you spend less, then you keep more profit at the end of the day. And if you spend more than you earn, then your company will soon have a problem.

The same applies to you. If you need extra money every months to afford the costs of living, it is simply because you spend more than you earn. Right?!

I know it’s a very basic deduction – elementary my dear Watson! But, let’s face it, most people don’t take the time to realize that. They think that they “need” to make more money. And as soon as they make more money, they spend more and then they “need” more money again. This is also a cycle… A bad one. And it’s probably the reason why you are poor and you need a sideline today… You spend too much.

If you eat too much, you get fat. If you want to lose weight, the first thing to do is to eat less. Then, you could start exercising. We all know it, but most people still believe there will be a miraculous pill or program to help them get in shape like Arnold Schwarzenneger within a month. These programs or pills don’t work simply because that’s not how life is made. You want to lose weight, eat less, exercise more. That’s the only solution that works!

The same applies to you and your finance! If you want to get rich or even if you just want to make ends meet, don’t wait for a miracle. Simply spend less and then, when you’ll stop spending more than what you earn, consider earning more.

CEOs, governments, they all know that the easiest path to getting some latitude in their budgets is to cut costs. It’s a lot easier than increasing income. That is why we always hear about companies restructuring. When you cut a spending, you make money right away.

There is a great lesson here and that’s why I’m going to repeat it :

When you cut an expense off your budget, you make money right away for this month, but also for all the other following months to come!

Okay, wait, don’t leave my blog. I know, cutting expense is hard. You could eventually have to make big decisions like selling your big 500,000$ dollars home to live in a smaller but more affordable one, but not today. I’m not even going to ask you to make a budget. But, what I’m going to help you achieve here is to cut expense without changing your lifestyle for now and within 7 days, you’ll feel that your financial situation has already improved.

How to reduce expenses by 300-500$ per month without changing you lifestyle?

A good company knows that to earn stable income, the best thing to do is to automate customer’s expense. That’s why they sell subscriptions to different services they offer that people pay per month. Every year, they can increase automatically the price of their service at a rate above inflation and most people don’t bother because “it’s only two or three extra dollars per month”…

But, at the end of the day, if you paid 3$ extra here, 5$ extra there, 2$ extra here and there, 50$ here, 100$ there… All these small sums add up pretty quickly!

As the CEO of YOUR LIFE inc, you are a subscriber to a lot of services. You pay a rent for the shelter of your “employee” (you). You pay a cable contract to amuse your “employee”, a bus pass or a monthly parking fee for the transportation of your employee, his cell phone contract, his car insurance, life insurance, health insurance, trip insurance (insurers are the best at taking money from your account on auto-pilot), loan insurance, credit card insurance, credit card renewal fees, magazines subscriptions, gym subscription, mortgage, car loan… List them all. List all the expenses that you have to fulfill to make YOUR LIFE inc a company that can stay in business.

Every CEO, when it’s time to look at expenses, usually try to negotiate the price of the service. Remember, one dollar saved per month is 12$ per year. 100$ per month is in fact 1200$ per year and since your are a not a real company, this is after tax money!

My plan is to make you review all your fixed recurrent expenses and you’re going to have to take the time (it seems that you have a lot of time since you are looking for a second job) to do what you should have done a long time ago and call all these companies to negotiate costs.

These companies make a lot of cash with you and people like you who don’t call them. They sit back and relax while you are struggling! Stop giving your paycheck to them so easily. I know it’s painful to call several insurers to negotiate your car insurance, but trust me you can save at least 20$ to 50$ per month just with that one by reviewing your needs and by shopping with different insurers.

If you car is worth 3000$, why would you pay 1000$ per year to insure it in case of major damage or in case someone steals it. Within 3 years you’re going to have paid more than the actual value of the car. Just insure it for liabilities and the damage you could do to others. It’s going to make you save a ton of money right away. Remember that 50$ saved this month is 600$ this year, plus next year and next year and next year… It’s going to take you maybe two or three hours to call several insurers but your going to be paid a couple hundreds of dollars net to do that!

Insurers are the best to duplicate protections and make you pay for protections you don’t really need. You probably have life insurance, insurance on your credit card, health insurance, trip insurance, loan insurance… Take the time to review these protections.

Is it useful to have a loan insurance if you already have a life insurance and a salary insurance in case of sickness?

You might already have an insurance on your car insurance contract to cover your responsibility and the damage you could do to a short term rental car. Why pay again?

It is possible that the insurance plan offered by your employer already covers you for trip insurance. Then why pay again when you book your plane and hotel?

Avoid paying twice for the same insurance. Learn how to evaluate your insurance needs! I know, they told you that your house could burn anytime, that there is a car stolen every 5 seconds, that we never know when a lightning could hit your roof… That’s their game. They make sure you are completely scared to death. That way, you want to buy extra insurance!

Do you really go to the gym? Cancel that subscription right away!

Do you really listen to all those TV channels? In fact, do you really need to listen to TV at all? This belongs to you, but by reviewing your needs, you could save another 20-50$ per month here. Shop around and see what promotions you can have with a new company. These companies always offer great discounts to new customers. But they don’t give them to their current good customers… unless they call to complain!

What is your mortgage interest rate? What kind of rate do you have on your credit card balance? Consult a financial advisor and check if a consolidation of your debts with a lower interest rate would help you! Here you can save a lot, up to several hundreds per month!

Cut in the fat! Make sure you pay for what you really need and make sure you don’t pay twice for the same protection!

I’ve been personally able to save 400$ per month within a week by doing that. It was not a fun week. After my hard days at work, I had to take the time to call banks, insurers, cable and phone companies. But overall, I haven’t spent more than 20 hours on this and I saved 400$ per month, 4800$ per year and these savings are going to repeat year after year.

Once in a while, it is very important for every company to review the costs of their services!

Final thoughts

You can save a lot of money every month just by reviewing your expenses to make sure you don’t overpay for the same services, that you don’t pay twice for the same services and that you have only the services you really need!

But, it might not be enough…

Most of your money should normally be spent on housing, food, transportation and energy. Reviewing your entire lifestyle could change your life for the better…

If you wouldn’t work that far from home, you wouldn’t spend 4 hours per day in the traffic. You then wouldn’t need an expensive but comfortable car and maybe you wouldn’t even need a car at all. This could make you save a 1000$ per month, 12,000$ per year!

After 8 hours at work, 4 hours in traffic, 8 hours sleeping, there’s only 4 hours left in your day. Do you really need to spend them in a 500,000$ home? Isn’t it a little expensive for 4 hours per day because, after all, when you sleep you don’t really care about the immensity of your house. The only thing you need is a good bed and to feel in security!

Selling that elephant to buy a smaller house or to rent an appartement near your job could make you save another 1000$ per month…

When you add all those sums up, it makes a lot of money. By reviewing your lifestyle you could not only forget about getting a second job or a sideline but you could also even think about and plan early retirement!

That’s what I do and we are a lot to do the same in this growing community of dividend growth investors seeking early retirement. All of them will tell you the same. Getting financially free is a matter of spending less, saving more, investing wisely! It is an easy plan. It works. But, it’s hard to kick our ass at first! But it gets easier as time pass by!

Within a year, I’ve been able to drop my debt burden from 35,000$ to 12,000$, renegotiate my mortgage interest rate and save 2% there, plus I’m now planning on paying my mortgage in 7 years instead of 25 years so I’m going to save hundreds of thousands right there and finally, I’ve been able to create myself a nice stream of passive income that has reached approximately 100$ per month already and it’s growing!

Managing my finance is my sideline job! It pays a lot and eventually, it’s going to pay me more than my primary job!

Okay, I make 52,000$ net on average… that may be a lot more than you and it gives me options you might not have. But there’s always something you can do. Many bloggers out there following the same precepts have been able to do even better than me with a lower income because they have made the right decisions early in their life.

Check out Jacob Lund Fisker’s blog at www.earlyretirementextreme.com who has reached financial freedom within 5 years with a modest income! Or check out Jason Fieber from www.dividendmantra.com who has been able to save more than a 100,000$ in three years while working in a car dealership. It they could do it, you can do it too!

Now you are ready to become the magician of your financial success. These are all the tricks you need to change your life for the better!

Good luck! Even though we know that luck has nothing to do with it!

[author] [author_image timthumb=’on’]http://quityourdayjob101.com/wp-content/uploads/2014/03/ID-10050051.jpg[/author_image] [author_info]Hi, my name is Allan. I’m the masked blogger. Like you I’m a modern slave, prisoner of a 9@5 job in Corporate America. They told us when we were young that we would live in a society of leisure and that technology would permit us to work only a couple of hours per day. But we live in a society of stress and uncertainty. My situation could be a lot worse and I know it. So many humans are suffering on this planet. But a golden cage remains a cage anyway. At least, I have an escape plan. I will retire before 45 years old over my passive income. This is a dream that is so powerful that I will make sure it happens. To build my wealth, I mainly invest in undervalued dividend growth stocks. [/author_info] [/author]

About The Author

Hi, my name is Allan. I'm 33 years old and I live in Canada, one of the best but one of the coldest country in the world! I'm the masked blogger. Like you I'm a modern slave, prisoner of a 9@5 job in Corporate America. But, I have an escape plan. I will retire before my 45th birthday over my passive income. This is a dream that is so powerful that I will make sure it comes true. To build my wealth, I invest in undervalued dividend growth stocks. Follow me! We will retire early! We will retire rich!

Disclaimer

I am not a licensed investment advisor. I am not an investment professional. I am not a tax professional. I am not a stock guru. I’m a plain and ordinary man pursuing a dream. I want to be financially free. I truly believe I will. But I might be dead wrong!
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